On July 15, 1998, the face amount of marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts was 586,656 million, a change of -$ 3,035 million for the week. The total includes the face value of U.S. Treasury strips and other zerocoupon bonds.1 Net of $ 16,225 million daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 16,225 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. government securities.2 Net of $ 16,014 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 16,014 million was with foreign official and international accounts. Includes $ 150 million securities loaned--fully secured U.S. government securities.3 Includes $ 2,850 million of inflation-indexed securities valued at the original face amount and $ 41 million of compensation that adjusts for the effects of inflation on the principal of such securities.4 Consists of required clearing balances of $ 6,631 million and adjustments of $ 233 million to compensate for float.5 Excludes required clearing balances and adjustments to compensate for float.

* Estimated (Treasury's figures).Components may not add to totals due to rounding.

Worksheet for H.4.1 (a)

CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKSMillions of Dollars

Change Since

ASSETS

*

Wednesday Jul 15, 1998

Wednesday Jul 8, 1998

Wednesday Jul 16, 1997

Gold certificate account

11,047

- 1

- 2

Special drawing rights certificate account

9,200

0

0

Coin

395

+ 18

- 73

Loans

208

+ 4

- 125

Acceptances

0

0

0

Federal agency obligations

Bought outright

526

0

- 684

Held under repurchase agreements (1)

2,425

+ 1,956

+ 1,925

U.S. government securities

Bought outright--Bills

199,685

+ 1,867

+ 2,738

Notes (2)

178,885

- 1,710

+ 18,360

Bonds (3)

62,317

+ 402

+ 8,056

Total bought outright (4)

440,887

+ 559

+ 29,154

Held under repurchase agreements (1)

9,492

+ 4,598

+ 4,652

Total U.S. government securities

450,379

+ 5,157

+ 33,806

Total loans and securities

453,537

+ 7,117

+ 34,923

Items in process of collection

(468)

7,531

+ 803

+ 290

Bank premises

1,294

0

+ 35

Other assets (5)

31,770

+ 702

+ 1,517

TOTAL ASSETS

(468)

514,773

+ 8,639

+ 36,689

LIABILITIES

Federal Reserve notes

461,833

- 674

+ 29,512

Deposits

Depository institutions

23,707

+ 8,377

+ 6,843

U.S. Treasury--general account

5,309

+ 376

- 1,252

Foreign--official accounts

180

+ 31

- 85

Other

279

+ 4

- 37

Total deposits

29,477

+ 8,788

+ 5,469

Deferred availability cash items

(468)

6,874

+ 513

+ 287

Other liabilities and accrued dividends (6)

4,636

- 1

- 27

TOTAL LIABILITIES

(468)

502,820

+ 8,626

+ 35,241

CAPITAL ACCOUNTS

Capital paid in

5,815

+ 4

+ 741

Surplus

5,220

0

+ 725

Other capital accounts

918

+ 9

- 17

*Figures in parentheses are the eliminations made in the consolidation process.1 Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign official and international accounts of which $ 0 million was outstanding at the end of the latest statement week.2 Includes $ 2,050 million of inflation-indexed securities valued at the original face amount and $ 37 million of compensation that adjusts for the effects of inflation on the principal of such securities.3 Includes $ 800 million of inflation-indexed securities valued at the original face amount and $ 4 million of compensation that adjusts for the effects of inflation on the principal of such securities.4 Net of $ 16,014 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 150 million securities loaned--fully secured by U.S. government securities.5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 69 million in Treasury bills maturing within 90 days.6 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments.Components may not add to totals due to rounding.

MATURITY DISTRIBUTION OF LOANS AND SECURITIES, July 15, 1998Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum majority of the agreements.

Millions of dollars

U.S. government securities (1)

Federal agency obligations

Loans

Acceptances

Holdings

Weekly changes

Holdings

Weekly changes

Within 15 days

55

0

Within 15 days

19,893

+ 4,512

2,425

+ 1,956

16 to 90 days

153

0

16 to 90 days

94,052

- 223

98

0

Over 90 days

0

0

91 days to 1 year

144,441

+ 814

109

+ 5

Over 1 to 5 years

97,796

- 349

109

+ 10

Over 5 to 10 years

43,017

0

185

- 15

Over 10 years

51,181

+ 402

25

0

Total

208

0

Total

450,379

+ 5,157

2,951

+ 1,956

1 Includes $ 2,850 million of inflation-indexed securities valued at the original face amount and $ 41 million of compensation that adjusts for the effects of inflation on the principal of such securities.Components may not add to totals due to rounding.

H.4.1 (b)

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON July 15, 1998Millions of dollars

ASSETS

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas City

Dallas

SanFrancisco

Gold certificate account

11,047

582

4,207

323

643

807

717

998

358

128

289

530

1,465

Special drawing rights certif. acct.

9,200

530

3,202

282

574

792

602

900

340

123

247

367

1,241

Coin

395

11

22

16

25

41

61

54

22

16

29

45

52

Loans

208

0

0

0

3

0

5

30

26

88

28

2

26

Acceptances

0

0

0

0

0

0

0

0

0

0

0

0

0

Federal agency obligations

Bought outright

526

29

195

15

34

41

32

50

18

6

15

24

66

Held under repurchase agreements(1)

2,425

0

2,425

0

0

0

0

0

0

0

0

0

0

U.S. government securities

Bought outright--Bills

199,685

10,875

74,011

5,806

12,978

15,730

12,147

19,170

7,017

2,194

5,539

9,079

25,138

Notes (2)

178,885

9,742

66,302

5,201

11,626

14,092

10,882

17,173

6,286

1,965

4,962

8,134

22,519

Bonds (3)

62,317

3,394

23,097

1,812

4,050

4,909

3,791

5,983

2,190

685

1,729

2,833

7,845

Total bought outright(4)

440,887

24,012

163,411

12,818

28,654

34,731

26,820

42,326

15,493

4,844

12,230

20,046

55,502

Held under repurchase agreements(1)

9,492

0

9,492

0

0

0

0

0

0

0

0

0

0

Total U.S.govt. securities

450,379

24,012

172,903

12,818

28,654

34,731

26,820

42,326

15,493

4,844

12,230

20,046

55,502

Total loans and securities

453,537

24,040

175,522

12,833

28,692

34,772

26,856

42,406

15,538

4,937

12,273

20,073

55,594

Items in process of collection

7,999

611

765

233

503

548

866

456

375

691

520

516

1,915

Bank premises

1,294

94

158

50

152

125

81

108

31

132

54

149

160

Other assets(5)

31,770

1,473

10,311

1,328

1,864

3,725

1,872

2,847

814

789

734

1,440

4,574

Interdistrict settlement account

0

-1,630

+9,139

-118

-1,303

-579

-14

-1,695

-650

+508

+1,430

+2,246

-7,332

TOTAL ASSETS

515,241

25,711

203,326

14,947

31,151

40,232

31,041

46,074

16,828

7,324

15,576

25,365

57,668

1 Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign official and international accounts, of which $ 0 was outstanding at the end of the latest statement week.2 Includes $ 2,050 million of inflation-indexed securities valued at the original face amount and $ 37 million of compensation that adjusts for the effects of inflation on the principal of such securities.3 Includes $ 800 million of inflation-indexed securities valued at the original face amount and $ 4 million of compensation that adjusts for the effects of inflation on the principal of such securities.4 Net of $ 16,014 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 150 million securities loaned--fully secured by U.S. government securities.5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 69 million in Treasury bills maturing within 90 days.Components may not add to totals due to rounding.

H.4.1 (c)

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON July 15, 1998Millions of dollars

LIABILITIES

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas City

Dallas

SanFrancisco

Federal Reserve notes

461,833

22,433

188,065

13,171

27,953

34,150

27,220

41,169

15,233

5,553

13,920

22,819

50,148

Deposits

Depository institutions

23,707

2,009

4,990

828

1,618

3,010

1,724

2,619

872

751

790

1,418

3,079

U.S. Treasury--general account

5,309

0

5,309

0

0

0

0

0

0

0

0

0

0

Foreign--official accounts

180

7

66

8

9

22

9

14

3

5

3

7

26

Other

279

1

103

0

4

90

4

70

0

1

4

1

1

Total deposits

29,477

2,017

10,468

835

1,631

3,123

1,737

2,703

875

757

798

1,426

3,106

Deferred credit items

7,343

458

707

204

485

505

838

661

285

545

420

374

1,860

Other liabilities and accrued dividends (1)

4,636

257

1,616

164

292

364

308

443

179

88

162

217

545

TOTAL LIABILITIES

503,288

25,166

200,856

14,374

30,361

38,142 ;

30,103

44,976

16,573

6,943

15,299

24,836

55,659

CAPITAL ACCOUNTS

Capital paid in

5,815

264

1,163

285

385

1,034

466

538

122

191

137

235

993

Surplus

5,220

254

1,055

273

335

818

338

502

122

189

119

271

945

Other capital accounts

918

27

251

15

69

237

134

58

11

1

21

22

71

TOTAL LIABILITIES AND CAPITAL ACCOUNTS

515,241

25,711

203,326

14,947

31,151

40,232

31,041

46,074

16,828

7,324

15,576

25,365

57,668

FEDERAL RESERVE AGENTS' ACCOUNTS

F.R. notes outstanding

569,062

26,621

232,080

15,470

30,953

40,880

35,722

49,823

17,525

7,276

16,061

29,085

67,568

Less--Held by F.R. Banks

107,228

4,188

44,015

2,299

2,999

6,730

8,502

8,654

2,292

1,722

2,142

6,266

17,420

F.R. notes, net

461,833

22,433

188,065

13,171

27,953

34,150

27,220

41,169

15,233

5,553

13,920

22,819

50,148

Collateral held against F.R. notes

Gold certificate account

11,047

Special drawing rights certificate account

9,200

Other eligible assets

0

U.S.govt. and agency securities

441,587

Total collateral

461,833

1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments.Components may not add to totals due to rounding.